| Fri 15 Feb 2008, 10:14 | | MMH - Miranda Mineral Holdings - Further prospecting rights granted |
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MMH
MMH
MMH - Miranda Mineral Holdings - Further prospecting rights granted
to Miranda in KZN
Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/001940/06)
Share code: MMH & ISIN: ZAE000074019
("Miranda" or "the group")
Further prospecting rights granted to Miranda in KZN
Miranda today announces that two further prospecting rights for coal have been
granted to the group by the Department of Minerals and Energy ("DME"). With
these 2 additional rights, Miranda is now in the possession of six prospecting
rights in the KZN province.
Applewood Trading 3 (Pty) Ltd and Nungu Trading 695 (Pty) Ltd
The rights have been granted over three contiguous farms, namely Bosch Hoek 1312
and Bosch Kloof 1073 (Applewood) and Wasbank (Nungu) covering an area of 6609
hectares.
The project area is situated 10 kilometers southwest of the town Glencoe and
borders the farms Uithoek and Burnside, on which the group hold existing
prospecting permits.
Top and bottom seams occur in the area as economic seams and are reported on in
the preliminary resource calculations. Both seams have soft and hard coking coal
properties, with some selected areas recording high swell indexes, which may
yield high grade coking coal properties. The current borehole data, for the
farms Bosch Hoek and Bosch Kloof, is of a sufficient density that it could be
classified as an "Indicated" resource for the SAMREC classification for multi-
seam deposits. (PC Meyer, Pr.Sci.Nat). The planned drilling program will up
grade the resource to that of a "measured" resource.
Analysis of the historical borehole data on Bosch Hoek and Bosch Kloof,
demonstrates an in-situ resource of 52,2 million tons (PC Meyer, Pr.Sci.Nat).
Previous exploration was conducted by ISCOR Limited in the late 1960`s and early
1980`s.
Management are currently reviewing the borehole data on the farm Wasbank to
determine the size of the resource, which once determined will be communicated
to shareholders.
Centurion
15 February 2008
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Corporate advisor
Qinisele Resources (Pty) Limited
Enquiries
Miranda Mineral Holdings Limited +27 12 654 1345
Financial Director: Wayne Ison
www.mirandaminerals.com
Date: 15/02/2008 10:14:56 Produced by the JSE SENS Department.
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